What does indefeasible mean in real estate?
Incapable of being altered or voided, usually used to describe an absolute interest in real estate that cannot be changed.
What is meaning of indefeasible?
: not capable of being annulled or voided or undone an indefeasible right.
What does indefeasible payment mean?
Indefeasibly Paid means (a) with respect to the making of any payment on or in respect of the Indebtedness, that such payment of such Indebtedness has been paid in full in cash (or that such payment of such Indebtedness has been otherwise satisfied in a manner acceptable to the holders of the Indebtedness in their sole …
What is indefeasible in law?
Answer: Indefeasibility of title means that the registered title of real property (land or buildings) determines who has the priority interest or ownership of such property.
What is imprescriptible?
Legal Definition of imprescriptible : not subject to prescription : inalienable.
What is an IRU in telecom?
Indefeasible right of use (IRU) is a type of telecommunications lease permanent contractual agreement, that cannot be undone, between the owners of a communications system and a customer of that system. The word “indefeasible” means “not capable of being annulled, or voided, or undone”.
What is the purpose of estoppel?
“The purpose of an estoppel statement is twofold: (1) to give a prospective purchaser or lender information about the lease and the leased premises and (2) to give assurance to the purchaser or lender that the les- see at a later date will not make claims that are inconsistent with the statements contained in the …
What is the meaning of the word indefeasible?
What does indefeasible mean? That cannot be annulled or made void. (adjective) An indefeasible claim; indefeasible rights.
What is the legal definition of a defeasible interest?
Legal Definition of defeasible : subject to or capable of being annulled or made void a defeasible interest his rights are not defeasible by agreement — J. D. Calamari and J. M. Perillo
When is a vested interest an indefeasible interest?
In the same Interpretative Decision, the ATO explained the word “indefeasible” in the following terms: “A vested interest is indefeasible where, in effect, it is not able to be lost. “A vested interest is defeasible where it is subject to a condition subsequent that may lead to the entitlement being divested.
When to use the word indefeasible in a trust?
The word “indefeasible” is generally used in the wider phrase “vested and indefeasible interest”. It is relevant to the interest of a Beneficiary in the capital or income of a Trust.
